Diana Shipping reduces losses
(Posted on 14/05/18)
Diana Shipping Inc. has reported a net loss of $3.1 million and net loss attributed to common stockholders of $4.5 million for the first quarter of 2018, compared to a net loss of $26.5 million and net loss attributed to common stockholders of $27.9 million reported in the first quarter of 2017. Time charter revenues were $48.4 million for the first quarter of 2018, compared to $31.3 million for the same period of 2017. The increase in time charter revenues was due to increased average time charter rates that the Company achieved for its vessels during the quarter and increased ownership days resulting from the enlargement of the fleet.
Diana Shipping specialises in the ownership of dry bulk vessels. As of 10th May 2018 the company’s fleet consists of 50 dry bulk vessels (four Newcastlemax, 14 Capesize, five Post-Panamax, five Kamsarmax and 22 Panamax). As of the same date, the combined carrying capacity of the fleet is approximately 5.8 million dwt with a weighted average age of 8.71 years.
The fleet is managed by a wholly-owned subsidiary Diana Shipping Services S.A. and an established 50/50 joint venture with Wilhelmsen Ship Management named Diana Wilhelmsen Management Limited in Cyprus.
Leading classification society DNV GL has announced that all DNV GL classed vessels are now able to... Read more
Mr. Hiroaki Sakashita has been appointed as Senior Executive Vice President as well as Executive Director... Read more
ACO Marine, together with a group of leading wastewater treatment system manufacturers and environmental... Read more
A successful collaboration between KVH Videotel, a world leader in the provision of e-learning for the... Read more
A new Ballast Water Management System (BWMS) developed by Flow Water Technologies Ltd, called FlowSafe... Read more
MacGregor, part of Cargotec, has signed an agreement with Ocean Sourcing Pte Ltd to support MacGregor... Read more
KVH Industries, Inc., a leader in mobile connectivity, announced that it recently shipped its 9,000th... Read more
Inmarsat, the global leader in mobile satellite communications, is staying ahead of fast-changing dynamics... Read more
World Fuel Services (WFS), via its fully owned subsidiary Gib Oil Limited, has extended its capacity... Read more
The Clean Shipping Alliance 2020 has expressed strong concerns about a proposal submitted by the European... Read more